Description
Includes both employees and the self-employed working from home
Working from home is more popular than ever, with potential recruits saying it’s at the top of their list when considering a new role. If structured correctly, legitimate tax savings can be obtained when working from home. There are also adverse tax issues to be aware of.
Several tax issues and opportunities exist. These include:
- Deductions for self-employed, and tax-free payments to employees.
- Identifying what costs qualify?
- Applying the square metre rate method.
- Determination EE003: Exempt payments to employees for use of telecommunication tools (New – replaces covid related Determinations)
- How does working from home impact FBT and motor vehicle reimbursement options?
- Does a home office eliminate the need to pay FBT on a car driven home for work purposes?
- Other home office issues including: GST treatment (recent clarification has been provided), home offices creating a NZ permanent establishment / branch, and does a home office impact the sale of the home (for example, Brightline exemptions)?
ORIGINAL BROADCAST DATE
21 February 2023
LEARNING OUTCOMES
A comprehensive overview of the tax rules surrounding the use of a home office and working from home.
SUITED TO
Employers, self-employed, accountants and lawyers, and those who work from home.
PRESENTER
Maurits van den Berg, Senior Manager - Tax, Baker Tilly Staples Rodway Auckland Limited.
